Sensirion (SENS) H2 2025 earnings summary

Executive summary

• Achieved CHF 342.4 million in revenue for 2025, up 29% in local currencies and 24% in CHF, with EBITDA more than doubling to CHF 63.5 million and margin rising to 18.5% from 10.5% (adjusted 2024).

• Growth was broad-based across all markets and regions, with significant acceleration in three of four end markets, especially in A2L leakage sensors and miniaturized CO2 sensors.

• Established global market leadership in A2L segment, capturing over 50% share, and advanced positions in medical and industrial sensor solutions.

• Strategy focused on leadership in smart gas sensing, leveraging full technology stack control and global manufacturing footprint.

• 2025 performance builds confidence for continued growth, supported by a strong pipeline and resilient operations.

Financial highlights

• Net sales reached CHF 342.4 million, up 29% in local currencies and 24% in CHF; gross margin improved to 52.3% from 49.2% (adjusted 2024).

• EBITDA margin rose to 18.5% (up from 10.5% adjusted prior year); operating profit (EBIT) was CHF 42.8 million (12.5% margin); net profit CHF 20.1 million (5.9% of revenue).

• Operating cash flow increased to CHF 58.3 million; free cash flow at CHF 24.8 million; net cash position improved by 35% to CHF 71.7 million; equity ratio at 82%.

• Net working capital reduced to 31.8% of LTM revenue; cash conversion rate at 92%.

• CapEx totaled CHF 33.3 million in 2025, with CHF 40–50 million expected for clean room expansion over 2026–2027.

Outlook and guidance

• 2026 guidance: 5–12% structural revenue growth in constant currencies, targeting CHF 335–360 million in sales; profitability expected to remain at 2025 levels with EBITDA margin in the mid-to-high teens.

• A2L revenue contribution to remain stable, with lower seasonality and moderate, low single-digit growth expected from 2027 onward.

• Growth acceleration expected from battery management in automotive, medical gas sensing, industrial methane monitoring, and A3 leakage detection.

• Medium-term guidance confirmed, with new growth areas to contribute more significantly from 2026 onward.